Lennar (NYSE:LEN.B) Hits New 12-Month Low – Time to Sell?

Lennar Corporation (NYSE:LEN.B)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $74.87 and last traded at $77.0970, with a volume of 15462 shares traded. The stock had previously closed at $76.83.

Lennar Stock Up 0.9%

The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The business’s 50-day simple moving average is $82.78 and its 200-day simple moving average is $86.36. The company has a market capitalization of $18.68 billion, a PE ratio of 12.14 and a beta of 1.32.

Lennar (NYSE:LEN.B) last released its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter. The business had revenue of $8.05 billion for the quarter. Lennar had a net margin of 4.93% and a return on equity of 7.08%.

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs, sells and arranges financing for single-family homes. Its residential offerings include entry-level, move-up, active-adult and luxury homes, as well as homes built for rental communities. Lennar also develops the land and infrastructure needed for many of its communities and offers related services to homebuyers.

The company operates through homebuilding divisions serving numerous markets across the United States. Its complementary businesses include mortgage financing, title and closing services, and insurance-related products, which support customers throughout the home-purchase process.